News & Bulletin Updates

8How much have the prices of alcohol products changed since yesterday? Find out

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8Find more about the recent pricing changes for all the Refrigerant products and how much it has moved

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8Compare prices to identify any changes

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8Find out the most recent prices for Caustic Soda Lye and Caustic Soda Flake

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8Analyze the price fluctuations in the Indian domestic market over the past day to determine the magnitude of any change

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8Find out the latest prices of Ethylene Dichloride/ Purified Terephthalic Acid (PTA)/ Acrylonitrile and Caprolactam

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8Track the domestic prices and identify if there are any changes today

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8Indian Oil Corporation has declared its May 2025 special incentive scheme

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8Get exclusive access to today's complete price matrix from the Mumbai chemical market
8Stay ahead with the latest rates and trends across key commodities and chemicals

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8Project Name: Dakshina Kannada District City Gas Distribution
8Project Cost: Rs 350 crore Click here for more details

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8Project Name: Lucknow District City Gas Distribution
8Project Cost: Rs 300 crore Click here for more details

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8There are fears of phishing, data leaks, or espionage attempts inside one of India’s top upstream PSUs.

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Jun 19, 2025: E&P Contracting Brief

Compliance traps in seismic bid: Too much ambiguity
8From annexure confusion to capped liabilities, the bid process triggered multiple queries that revealed documentation gaps and evaluation ambiguities.
8As a result three out of five bidders failed to qualify.
8TNG and others were hit by misnumbered annexures. A late corrigendum fixed labels, but not before at least one bidder likely submitted against incorrect formats—raising procedural fairness questions.
8Absolute Imaging sought clarity on how 100 technical marks would be split—OIL offered none. Without evaluation rubrics, bidders face unpredictable scoring during presentations.
8Those who passed likely did so by aligning documentation perfectly despite ambiguities.
8For others, unclear answers became silent disqualifiers.
Adjoining zone clause may corner contractors into unknown terrain
8A corrigendum follows a familiar trend: scope pressure surfaces during pre-bid, prompting a reactive expansion under original pricing envelope.
Retention cut from 10% to 5% amid liquidity pressure
8Whether prompted by market signals or bidder pushback, this mid-bid revision reflects a softer stance on cashflow terms—critical for LSTK and EPC players.
8ONGC’s removal of DLP-based retention release could leave defects uncovered post-handover. What helps contractor liquidity may cost in long-term accountability.

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Sole bidder flagged for high-spec pump package in PDH-PP project at Dahej
8EIL’s stringent qualification norms narrow competition for integrally geared centrifugal pump to a single global player.
8No Indian OEMs make the cut—raising questions on local vendor development, import dependence, and bid responsiveness.
Five out of six pass muster in BPCL’s EIA race for Vadinar-Bina stretch
8The Rs 1200 crore pipeline augmentation project sees tight competition in the environmental clearance space, with one notable disqualification.
8RRA scope reveals heightened risk focus along intermediate pumping points and SV stations.
Three qualify in tight GAIL tender for Cauvery Basin drawing contract
8Only one bidder disqualified as GAIL evaluates terminal drawing support contracts; stricter compliance with MSE and startup norms underpins award dynamics.
Split win, single bidder: Ruhrpumpen bags both A1 and A2 packages

8BPCL’s vertical sump pump contract saw one bidder clinch both groups, raising questions on price competitiveness and scope clarity for others.

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Family trouble in Megha has clients worried
8E&P clients are more worried than others

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No room for deviation: IOCL’s Haldia effluent impact study bid rides on tight 4-month clock
8A low-value yet high-stakes EIL tender calls for zero deviation compliance, barring pre-bid clarifications and tightening NIC registration timelines. River discharge sampling oversight emerges as an unstated risk in IOCL’s latest ESG drive.
No EMD, Single-Bid Format: BCPL pressure vessel tender leans pro-vendor
8A four-month supply window, absence of bid security, and simplified single-bid format collectively signal BCPL’s bid to fast-track procurement—though risks of underqualified entries remain.
8The low barrier could attract wider participation but also warrants tighter post-award scrutiny.
Corrigenda avalanche hits CPCL hydrogen tender
8With over 20 corrigenda issued, CPCL’s 2-KTA GHGU tender appears stuck in a vortex of technical clarifications, shifting risks, and bidder hesitation.
8But despite bidders' queries on green hydrogen pricing assumptions, contract take-or-pay protection, and grid backup remain only partially addressed.
8Multiple bidders have expressed concerns over off-take certainty, effluent load specs, and clarity on O&M scope under BOO.
Five extensions, one crackdown: MRPL pump tender tightens cartel clause, but stays mum on specs
8Despite extending bids till 24 June, EIL has refused to soften specs or release pre-bid clarifications.
8A sharper cartel clause and revised CPBG raise the bar—but vendor hesitation may be brewing beneath the surface.
8Prior PBQRs flagged critical data gaps but EIL’s silence leaves vendors to guess under threat of disqualification.

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8Find out how long is it going to be and when is it coming up

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8What really happened to the PNGRB for this to happen?

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8Find out what we know

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Jun 19, 2025: LNG prices are higher

8LNG import prices are ruling higher now compared to the same periods last year
Click on Details for full breakdown

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ONGC often leans on EIL promoted CEIL’s institutional weight—while outsourcing the actual inspection work to independent TPIs.
8The CEIL MoA serves as a symbolic stamp of quality, even when CEIL isn’t on the ground.
8Good or bad, ONGC fires from CEIL’s shoulder while contracting others to pull the trigger.

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Vedanta’s upstream operations clocked 103 kboepd in FY25—down from 127.5 kboepd last year. It’s the biggest annual drop in a decade, masked by early-stage optimism around new discoveries.
8Even 28 infill wells and ASP injections couldn’t stem the fall at Barmer. Gross production dropped sharply across Rajasthan, with legacy blocks no longer holding the line.
8Cambay’s decline—from 8.9 to 5.1 kboepd—outpaces even Barmer, putting a question mark on its recovery strategy and cost viability.
8While early production has begun from OALP blocks like Jaya and new reserves added at Rudra-1, total contribution rose by just 2.4 kboepd—nowhere near compensating for the Rajasthan slide.

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8Snapshot of India’s oil & gas data [PPAC]
 
8PNGRB to support AERA mandate for construction of common fuel storage facilities on open access basis at major airports [PNGRB]
 
8Monthly production report – May 2025 [MOPNG]
 
8Current deployment status of vessel SEAMEC PRINCESS [Seamec]
 
8Business responsibility and sustainability report for the financial year 2024-25 [Vedanta]
 
8Annual reports 2024-25 [Vedanta]

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8Weather and agromet advisory bulletin for North Karnataka [IMD]
8Composite agro-met advisory service bulletin for the state of Arunachal Pradesh [IMD]
8Promoter acquires shares, increasing promoter group holding to 72.54% in Khaitan Chemicals [KCFL]

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8The Ahmedabad chemical market has seen a sharp decline in sodium fluoride prices, driven by lower demand and good stock availability with local traders

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